BUS 254 Chapter Notes - Chapter 1: Chief Financial Officer, Management Accounting, Professional Certification

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 254
• Professor: Michelle Iorio

Document Summary

The collection of financial or operational performance info about significant activities in an enterprise. A two-stage procedure used to assign overhead costs to products or services produced. In the first stage: significant activities are identified and overhead costs are assigned to activity cost pools in accordance with the way resources are consumed by the activities. In the second stage: the overhead costs are allocated from ach activity cost pool to each product line in proportion to the amount of the cost driver consumed by the product line. Using activity-based costing to improve the operations of an organization. The function of managerial accounting info in pointing out to managers any issues that need their attention. The upper limit on the amount of goods and services that an organization can produce in a specified period of time. An accountant who has earned professional certification in management accounting.